Crude oil is all over the place

On Tuesday, the price of West Texas Intermediate crude oil was down over 3.3% to as low as $50.75 a barrel for the first time since early April. At one point on Tuesday, WTI prices were down 9% in less than two days.

But near 1:00 pm ET in New York on Tuesday, however, crude oil had bounced sharply and down just 1.1% just below $52 a barrel. Earlier, crude oil actually went positive for the day.